Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $691,800.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $115.30, for a total value of $691,800.00. Following the completion of the transaction, the executive vice president now owns 26,674 shares of the company’s stock, valued at $3,075,512.20. This represents a 18.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Brad Vincent Hutjens also recently made the following trade(s):

• On Friday, November 8th, Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.90, for a total value of $499,050.00.
• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The shares were sold at an average price of $112.35, for a total value of $1,011,150.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The shares were sold at an average price of $106.35, for a total value of $1,435,725.00.
• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total value of $468,996.00.
• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total value of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The shares were sold at an average price of $101.85, for a total value of $20,370.00.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $111.84 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $99.88 and a two-hundred day simple moving average of $91.35. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 14.23 and a beta of 0.75. Nicolet Bankshares, Inc. has a 52 week low of $72.70 and a 52 week high of $116.17.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. The business had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. On average, analysts expect that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s payout ratio is 14.25%.

Analysts Set New Price Targets

Separately, Maxim Group upped their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Nicolet Bankshares presently has a consensus rating of “Hold” and an average price target of $106.00.

Hedge Funds Weigh In On Nicolet Bankshares

A number of hedge funds have recently made changes to their positions in NIC. Rothschild Investment LLC bought a new position in shares of Nicolet Bankshares in the second quarter worth about $67,000. EntryPoint Capital LLC boosted its stake in shares of Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after acquiring an additional 543 shares during the period. Quantbot Technologies LP bought a new position in shares of Nicolet Bankshares in the third quarter worth about $155,000. Blair William & Co. IL bought a new position in shares of Nicolet Bankshares in the first quarter worth about $201,000. Finally, ProShare Advisors LLC bought a new position in shares of Nicolet Bankshares in the first quarter worth about $203,000. Institutional investors own 43.06% of the company’s stock.

About Nicolet Bankshares

Nicolet Bankshares, Inc operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin and Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.